Jaipur, Nov 30 (PTI) Coming out in public for the first time after recent allegations and his indictment in the US, Adani group chairman Gautam Adani on Saturday said his conglomerate was committed to compliances and "every attack makes us stronger". "Less than two week back, we faced a set of allegations from the US about compliance practices. This is not the first time we have faced such challenges. What I can tell you is that every attack makes us stronger," he said addressing the 51st Gems and Jewellery Award here. On November 20, 2024, the United States Department of Justice and the US Securities and Exchange Commission (SEC) issued an indictment and a civil complaint in the New York district court against Gautam Adani, Sagar Adani and Vneet Jaain, key functionaries of Adani Green Energy Ltd (AGEL). The charges relate to allegations of securities fraud, wire fraud and violation of the SEC guidelines that led to materially false and misleading statements in the bond offering documents of AGEL with respect to anti-bribery and anti-corruption policies. Adani Group had issued a statement denying all allegations as baseless, and said it would seek legal recourse to defend itself. Speaking at Saturday's event, Adani said that despite a lot of vested reporting, no one from Adani's side has been charged with any violation of the FCPA (Foreign Corrupt Practices Act) of the US or any conspiracy to obstruct justice. "The fact is that despite a lot of the vested reporting, no one from the Adani side has been charged with any violation of the FCPA or any conspiracy to obstruct justice. Yet, in today's world, negativity spreads faster than facts," he said, adding that the group was committed to regulatory compliances. "As we work through the legal process, I want to re-confirm our absolute commitment to world class regulatory compliance," he added. Adani Green Energy Ltd, the renewable energy arm of the port-to-energy conglomerate, on November 21 scrapped a USD 600-million bond issue. The 20-year green bond was over-subscribed three times, hours before the US prosecutors charged Gautam Adani and associates with participating in a scheme to pay over USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts. Following the indictment, Adani group companies' stocks also tanked in the Mumbai trade. Ten listed firms of the group lost about USD 26 billion (Rs 2.19 lakh crore) in market value -- more than double of what the conglomerate had lost when US short-seller Hindenburg brought out a damning report in January 2023. However, since Wednesday, stocks of all the group firms have recovered. Shares of nine of the 11 listed Adani Group firms ended higher on Friday, with Adani Green Energy surging almost 22 per cent and Adani Energy climbing nearly 16 per cent. "Over the years, I have come to accept that the roadblocks we face are the price of pioneering. The bolder your dreams, the more the world will scrutinise you. But it is precisely in that scrutiny that you must find the courage to rise, to challenge the status quo, and to build a path where none exists," he said. Adani said that the group had successes but the challenges have been bigger. "However, these challenges have not broken us. Instead, they have defined us. They have made us tougher and give us the unshakeable belief that after every fall, we will rise again, stronger and more resilient than before," he said. Last year, the conglomerate had scrapped a Rs 20,000 crore Follow-on Public Offer (FPO) at its flagship firm Adani Enterprises Ltd after US short-seller Hindenburg Research's report in January, which alleged the group of stock manipulation and accounting fraud. Adani had rejected all allegations and threatened to sue Hindenburg for its "reckless" attempt to sabotage the mega share sale at Adani Enterprises. But the allegation led to a free-fall of the group firms' stocks, which at the lowest point saw USD 150 billion in market value being eroded. Talking about the Hindernburg report, he said, "This was not a typical financial strike, it was a double hit, targeting our financial stability and pulling us into a political controversy. All of this was further amplified by certain media with vested interests. But even in the face of such adversity, our commitment to our principles remained strong." Adani said that after successfully raising Rs 20,000 crore from India's largest-ever FPO, the company made the extraordinary decision to return the proceeds. "We then further demonstrated our resilience by raising capital from several international sources and proactively reducing our debt-to-EBITDA ratio to below 2.5 times, an unmatched metric in the global infrastructure space," he said. "Our all-time record financial results in the same year showcased our commitment to operational excellence. Not a single Indian or foreign credit rating agency downgraded us. Finally, the Supreme Court of India's affirmation of our actions validated our approach," he said. He further said that in 2010, when the group was investing in a coal mine in Australia, its objective was to make India energy secure and replace every two tonnes of poor-quality Indian coal with one tonne of high-quality coal from Australia. However, he said, the resistance from NGOs was huge and lasted almost a decade. "It was so intense that we ended up funding the entire project of 10 billion dollars with our own equity. While we now have a world class operating mine in Australia and it could be seen as a great sign of our resilience," he said. Adani also shared his journey of becoming an entrepreneur and highlighted its dominance in various sectors. He also advised businessmen to embrace technology and sustainability for progress, empower and uplift the skilled workforce and nurture the younger generation and equip them to balance tradition with transformation, culture with innovation and legacy with sustainability. (This story has not been edited by THE WEEK and is auto-generated from PTI)President Vladimir Putin said on Friday that Russia would keep testing its new Oreshnik hypersonic missile in combat and had a stock ready for use. Putin was speaking a day after Russia fired the new intermediate-range weapon into Ukraine for the first time, a step he said was prompted by Ukraine's use of U.S. ballistic missiles and British cruise missiles to hit Russia. The Kremlin leader described the missile's first use as a successful test, and said more would follow. "We will continue these tests, including in combat conditions, depending on the situation and the nature of the security threats that are created for Russia," he said in televised comments to defense officials and missile developers. "Moreover, we have a stock of such products, a stock of such systems ready for use." A U.S. official, however, said the weapon Russia used was an experimental one. The official said Russia has a limited number of them and that this is not a capability that Russia is able to regularly deploy on the battlefield. Intermediate missiles have a range of 1,860-3,415 miles, which would enable them to strike anywhere in Europe or the western United States from Russia. Security experts said the novel feature of the Oreshnik missile was that it carried multiple warheads capable of simultaneously striking different targets -- something usually associated with longer-range intercontinental ballistic missiles designed to carry nuclear warheads. Ukraine said the missile reached a top speed of more than 8,000 mph and took about 15 minutes to reach its target from its launch. The firing of the missile was part of a sharp rise in tensions this week as both Ukraine and Russia have struck each other's territory with increasingly potent weapons. Moscow says that by giving the green light for Ukraine to fire Western missiles deep inside Russia, the U.S. and its allies are entering into direct conflict with Russia. On Tuesday, Putin approved policy changes that lowered the threshold for Russia to use nuclear weapons in response to an attack with conventional weapons. Ukrainian President Volodymyr Zelensky said Russia's use of the new missile amounted to "a clear and severe escalation" in the war and called for strong worldwide condemnation. He said Ukraine was working on developing new types of air defense to counter "new risks." The Kremlin said the firing of the Oreshnik was a warning to the West against taking further "reckless" actions and decisions in support of Ukraine. The Oreshnik was fired with conventional, not nuclear warheads. Putin said it was not a strategic nuclear weapon but its striking power and accuracy meant that its impact would be comparable, "especially when used in a massive group and in combination with other high-precision long-range systems." He said the missile was incapable of being shot down by an enemy. "I will add that there is no countermeasure to such a missile, no means of intercepting it, in the world today. And I will emphasize once again that we will continue testing this newest system. It is necessary to establish serial production," he said.None
Punjab presents slew of demands to boost infra at pre-budget meeting with SitharamanFG, govs decide on state police next weekA bar crawl, a fake holiday and something called "Chrismukkah"? What a week this is!
The Apple iOS 18 has been rolled out and it brings some important features including call recording, hiding apps and much more. Well, as users are installing the latest update there has been reports of battery draining issue. Battery draining issue is a massive issue and if you are one of those who are facing it, you should not worry about that. We have mentioned some hacks through which you can improve the battery health on your iPhone (post iOS 18 update) Have you ever wondered that a mere restart can fix a lot of things? Yes! You read it right. If you are facing battery draining issue after applying Apple iOS 18 on your iPhone, you can restart it and the issue might get fixed. Simultaneously press and hold the side button and either volume button. After some seconds you can see the sliders. Now, drag the slider to right in order to turn off the iPhone. Just wait for 30 seconds or 1 minute and then start the device. In case you are facing the issue of battery drainage on your device post the iOS 18 update, you can simply relax and let your device finish the background processing. Post a new update, the device takes some time to finish background processing and you need not worry if you face the issue of battery. If you are using an older iPhone and facing battery drainage post iOS 18 update, you should ensure whether you battery is alright or not. Open Settings > Battery > Battery Health & Charging In case the maximum capacity is more than 80% there are no issues. However, if the battery capacity falls below 80% you might need to be worried. You can ensure that you device will keep good battery health if you avoid battery draining issue on your iPhone. In order to check which application is draining you battery health massively, you have to go to the settings and find that. If you find an app that is unused, simply uninstall it. In case you have an app that is used on regular basis and consuming a lot of battery you can update it. Updating your existing application can work wonders. An updated can save you from the issue of battery drainage. Making sure that all the apps are up-to-date can save you from battery drainage issue.Arborist Management Software Market Is Likely to Enjoy Remarkable Growth | Arborgold, TreePlotter, SingleOpsRice 35, South Florida 28
Na Fianna overcome Kilcormac/Killoughey in Leinster hurling final
RICE_Dickmann 31 pass from Warner (Horn kick), 12:33. USF_Wright 1 run (Cannon kick), 9:14. RICE_Jackson 12 run (Horn kick), 7:44. RICE_FG Horn 25, :22. RICE_Connors 23 pass from Warner (Horn kick), 6:32. RICE_FG Horn 25, :12. USF_S.Atkins 16 pass from Archie (Cannon kick), 12:22. RICE_Chiaokhiao-Bowman 33 pass from Warner (Sykes pass from Warner), 6:26. USF_K.Singleton 28 pass from I.Carter (Cannon kick), 3:09. USF_Brown-Stephens 32 pass from I.Carter (Cannon kick), 2:25. RUSHING_South Florida, Wright 6-35, Keith 3-31, Archie 10-21, Joiner 9-19, I.Carter 2-5. Rice, Francisco 12-42, Jackson 5-40, Connors 17-40, Chiaokhiao-Bowman 1-2, Warner 5-(minus 11). PASSING_South Florida, Archie 19-35-1-227, I.Carter 5-6-0-93, (Team) 0-1-0-0. Rice, Warner 27-42-0-437. RECEIVING_South Florida, Atkins 7-110, K.Singleton 7-107, Brown-Stephens 6-80, Singletary 2-5, Hardeman 1-12, Yaseen 1-6. Rice, Sykes 7-118, Connors 4-91, Chiaokhiao-Bowman 3-58, K.Campbell 3-52, G.Walker 3-45, Mojarro 3-16, Dickmann 2-36, B.Walker 1-12, Francisco 1-9. MISSED FIELD GOALS_Rice, Horn 41, Horn 39.Over 71.81 cr Ayushman Bharat Health Account numbers generated: Centre